Ahli Bank (Oman) – Outlook Revised to Stable from Negative

Ref: OM0 17 2 2 PBK 00- 0 1 29 March 202 2

Ahli Bank (Oman) – Outlook Revised to Stable from Negative

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook for Ahli Bank Oman’s (AB) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) to Stable from Negative. This follows CI Ratings’ recent revision of the Outlook for Oman’s sovereign rating to Stabl e from Negative.

At the same time, CI has affirmed the Bank’s LT FCR and BSR of ‘BB’ and ‘bb’, respectively . The Bank’s Short-Term Foreign Currency Rating (ST FCR) of ‘B‘, Core Financial Strength (CFS) rating of ‘bbb-’ and Extraordinary Support Level (ESL) of Moderate were also affirmed. As AB’s LT FCR remains set at the same level as Oman’s sovereign rating of ‘BB’, the rating is closely correlated with the sovereign’s creditworthiness. Any improvement or…